Ghana’s Debt-Laden Oil Refinery TOR Faces $517mn Burden Amid IMF Reclassifications

Ghana’s debt-laden oil refinery TOR faces $517mn burden amid IMF reclassifications

Ghana’s state-owned Tema Oil Refinery (TOR) is grappling with a ballooning debt of $517mn, its management has revealed, attributing the liability ...

TOR to commence refinery operations in October 2025 – Edmond Kombat

By Ashiadey Dotse The Managing Director of Tema Oil Refinery (TOR), Mr. Edmond Kombat, has announced that the refinery will restart operations in October 2025. Mr. Kombat made this announcement during a briefing with Parliament’s Energy Committee. The meeting was part of the Committee’s oversight duty to monitor the work and plans of agencies under the Ministry of Energy and Green Transition. According to Mr. Kombat, TOR is working to resume ful…

TOR’s debt hits $517 million

The management of Tema Oil Refinery (TOR) has revealed that the company’s total debt stock reached $517 million as of December 2024, citing a combination of operational liabilities and government accounting adjustments as the cause. Speaking to journalists after an appearance before Parliament’s Energy Committee, TOR’s Acting Managing Director, Edmund Kombat, explained that a significant […] The post TOR’s debt hits $517 million appeared first o…